Your client delays payments, and your company is on the verge of bankruptcy. A bank offers a loan of 50M ETB at 15% interest, but your profit margin on the project is only 8% of 200M = 16M ETB. What is the MOST strategic choice?
Anonymous Quiz
A) Take the loan and finish project
B) Refuse loan and suspend works
C) Negotiate with client for advance or faster payment terms
D) Finance project from retained earnings at a loss
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